GBP/USD (British pound sterling/US dollar) GBP/USD (British pound sterling/US dollar)
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06 Sep, 2024 @ 05:00 by Yahoo! Finance

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All eyes are on the US employment report after weak manufacturing figures added to worries about the US economy.

Traders are now looking to the US jobs report later in the week, as ISM manufacturing data missed expectations.

The Bank of England has sounded more cautious on interest rate cuts than the US Federal Reserve

Rightmove shares jumped on the FTSE after Rupert Murdoch-backed REA Group expressed an interest in a takeover bid.

US stocks wavered, poised to end a wobbly week on a high note as the latest reading of the Federal Reserve's preferred inflation gauge bolstered rate-cut hopes.

Despite its recent strength, the pound is still below levels seen before the Brexit vote eight years ago.

The $3.2tn chipmaker will set the tone for tech stocks, serving as a bellwether for AI spending and investment. It took a tumble in early trade.

Bank of England governor Andrew Bailey said on Friday at the annual Jackson Hole symposium that it is 'too early to declare victory against inflation'.

The U.S. dollar slipped lower in early European trade Friday, as a rebound from seven-month lows faltered, ahead of Fed Chair Jerome Powell’s eagerly-anticipated speech at the Jackson Hole symposium. This weakness followed concerns about a weakening economy and on expectations the Federal Reserve is close to cutting interest rates. The focus is now squarely on an address by Powell at the Jackson Hole Symposium later on Friday, where he is expected to provide more cues on interest rates and the economy.

The dollar’s sharp decline against most currencies continued this week.

Investors are eagerly awaiting US Federal Reserve chair Jerome Powell's speech at the Jackson Hole symposium.

The final bank holiday of the summer brings an opportunity to spend a few hours on some jobs that could have a huge impact on your bank balance.

Fresh data on consumer price rises for the Eurozone showed inflation at 2.6% in July, up from 2.5% in June.

The U.S. dollar fell Monday ahead of the release of minutes from the Federal Reserve's July policy meeting and Chair Jerome Powell's upcoming speech at Jackson Hole later this week. The minutes, due on Wednesday, and Powell's speech on Friday are likely to be the main drivers of currency movement for the week, and traders expect a dovish tone to emerge. “The signs are subtle, but bearish dollar momentum is starting to build,” said analysts at ING, in a note.

19 Aug, 2024 @ 07:53 by Yahoo! Finance

Investors have begun counting down to a speech by Fed chair Jerome Powell at Jackson Hole on Friday that could reset rate-cut expectations.

The U.S. dollar edged higher Thursday, but remained close to seven-month lows after the release of benign inflation data, while sterling rose after solid growth data. The figures added to cooler-than-expected producer prices earlier in the week, and suggest inflation is on a downward trend which would provide the Federal Reserve with headroom to start cutting interest rates. The next data point is U.S. retail sales later in the session, and will garner significant attention as consumption accounts for about two-thirds of U.S. economic growth.

15 Aug, 2024 @ 07:51 by Yahoo! Finance

General election and strikes were partially blamed for a flat June but growth was led by the services sector.

14 Aug, 2024 @ 09:29 by Yahoo! Finance

The U.S. dollar steadied Wednesday, after overnight weakness, ahead of the release of the July consumer price index, while sterling weakened after benign inflation data. The U.S. currency retreated Tuesday after the July producer price index came in softer than expected for July, resulting in traders shifting bets slightly towards a 50 basis point cut in September. The PPI reading ramped up hopes that a consumer price index inflation reading, which is due later on Wednesday, is also expected to show inflation remained benign in July, providing the Federal Reserve with more headroom to begin trimming rates.

US inflation fell to its lowest level in over three years.

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